Donald Trump’s company is considering selling the lease it holds on the old post office building that was converter into the Trump International Hotel in Washington, D.C.
The Wall Street Journal reports the move is “motivated partly by criticism that the Trumps are flouting ethics laws by profiting from the property.“
Eric Trump, the president’s son is quoted in the Journal as saying:
“Since we opened our doors, we have received tremendous interest in this hotel and as real-estate developers, we are always willing to explore our options.“
And Trump also said:
“People are objecting to us making so much money on the hotel, and therefore we may be willing to sell.”
The Journal reports the Trump organization is hoping to fetch $500 million for the lease rights. “That would make the sale one of the highest-priced hotel deals ever by this popular industry valuation metric.“